Incorporating a value add strategy to your house hack has the potential to move you quickly from one property to the next.    

imagine the same scenario but your friend is a single investor and you’re a married owner occupant. 

>the equity would be about 1:1 immediately if he wanted to price and sell the property. 

Let them know you're the new owner, that you will be abiding by the lease terms they currently have, give them your info to be able to make payments, any website/payment portal platform.I would keep it short and sweet.

Are you still interested in investing in SFHs or want to try smaller multifamily properties as well?

I own a few properties in the Los Angeles area with a partner. 

The first link to the property does not show the additional studio. 

Other options include partnering with someone with better credit, negotiating seller financing, or leveraging existing property as collateral.

Tell us where you are from, where you are looking to invest, the strategies you want to pursue, and who you want to network with, be it local investors, agents, lenders, property managers, contractors, or more. 

Yes, I think it's important to invest in properties that can flex with the market.